In the wake of delays by the U.S. Commodity Futures Trading Commission, European Union rulemakers are saying their new regulations to tighten derivatives rules won't be handed down until this fall at the earliest.
The news came as German lawmaker Werner Langen told the European Parliament that the rules won't be ready for a first reading this week because European Union member states are still negotiating the details.
Although there are numerous points of debate with the new rules, one issue reportedly is Britain's insistence that rules should cover all derivatives, such as in the United States, rather than just the OTC market.
